Oil Committee approves November crude oil supply

In  a meeting chaired by the Prime Minister Dr. Ali Mujawar  the Supreme Committee for Crude Oil Marketing approved on Sunday oil quantities for November supply at 6.6 million barrels.
 
The meeting also approved the selling price for Masila crude oil quantities at a decrease of 68 cents a barrel to dated Brent and Marib oil will be sold for Brent price without discounts.
 
The committee reviewed the report of the Ministry of Oil and Minerals on the most important indicators of oil market over August 2nd and September 3rd 2010.

The report highlighted crude oil prices and price differences as well as forecasts for global oil demand for the next two years according to the expectations of the International Energy Agency.

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